1st MultiFamily purchase

[Evan Miley]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Wasilla.

Purchase price: $380,000
Cash invested: $5,000

Purchased new construction duplex and house hacked for 3 years.

What made you interested in investing in this type of deal?

A friend who has built a large portfolio agreed to mentor my wife and I.

How did you find this deal and how did you negotiate it?

MLS listing.

How did you finance this deal?

VA Loan! 0% down

How did you add value to the deal?

Completed putting in a yard and added some parking area for toy parking.

What was the outcome?

We have great tenants and the property is cash flowing $950/month over the mortgage. It’s in a great neighborhood and highly desired area for commuting to Anchorage.